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PG&E Hit With Record $1.4B Fine For San Bruno Explosion

The California Public Utilities Commission on Tuesday issued its largest-ever safety-related fine against PG&E Corp., saying it must pay $1.4 billion for its role in a deadly 2010 pipeline explosion and fire in San Bruno.

  • US Trustee Rips Dechert's Call To Strike Constar Report

    The U.S. Trustee’s Office late Friday blasted a request by Dechert LLP to strike a sealed investigative report by the creditors committee in the Constar International Holdings LLC bankruptcy case that Dechert says contains “scandalous” material, arguing that the firm hadn’t shown that it should either be removed or remain confidential.

  • Iliad Works On Fresh T-Mobile Bid After Spurned $15B Try

    Iliad SA, the French telecom firm that failed to win over T-Mobile US Inc. with a $15 billion offer, said Monday that it is still hoping for a slice of the wireless carrier as it cobbles together a sweetened bid, potentially alongside a private equity partner.

  • Mary Schapiro Fears SEC Money Market Rules Fall Short

    In an exclusive interview with Law360, Mary Schapiro, former chair of both the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission, said she regrets not being able to pass tough money market rules while at the SEC, adding that she is "very nervous" that new provisions will do more harm than good.

  • Halliburton To Pay $1B To Settle Deepwater Horizon Claims

    Halliburton Co. on Tuesday agreed to pay nearly $1.1 billion to settle most private plaintiffs' claims against the company stemming from its role in the 2010 Deepwater Horizon disaster that sent millions of barrels of oil spewing into the Gulf of Mexico.

  • Apollo Cruises To $3B Prestige Exit With Sale To Norwegian

    Apollo Global Management LLC is cashing out of a seven-year $850 million investment in luxury cruise operator Prestige Cruises International Inc. to the tune of $3.025 billion, with former portfolio company Norwegian Cruise Line Holdings Ltd. picking up the company, it said Tuesday.